Everyone was expecting a weak jobs report following Kevin Hassett's comments yesterday. But the exact opposite happened. The unemployment rate stood at 4.3% compared to the expected 4.4%. The U.S. economy added 130,000 jobs in January, the highest since April 2025. The private sector added 172,000 jobs in January, the highest in a year. This is a strong jobs report, which means that a rate cut in March may no longer be feasible.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
U.S. JOB DATA JUST SHOCKED EVERYONE
Everyone was expecting a weak jobs report following Kevin Hassett's comments yesterday.
But the exact opposite happened.
The unemployment rate stood at 4.3% compared to the expected 4.4%.
The U.S. economy added 130,000 jobs in January, the highest since April 2025.
The private sector added 172,000 jobs in January, the highest in a year.
This is a strong jobs report, which means that a rate cut in March may no longer be feasible.